The cryptocurrency market plunged on December 28 when the price of Bitcoin (BTC) cost almost $ 4,000 in a matter of hours, and the bulls are now looking to secure support at $ 48,500 to stave off further losses.
In the midst of a market-wide downturn, the decentralized financial sector (DeFi) in the cryptocurrency ecosystem has protected some traders from the storm, with many symbolic gains of over 30%.
Top 7 coins with the highest price earned in 24 hours. Source: Cointelegraph Markets Pro
Data from Cointelegraph Markets Pro and TradingView show that Harvest Finance (FARM), QuickSwap (QUICK) and Aragon (ANT) saw the biggest gains in the last 24 hours.
Autumn financing is moving towards full decentralization
Harvest Finance is a DeFi protocol designed to automatically increase returns on the ecosystem and improve user returns through the latest agricultural practices.
VORTECS ™ data from Cointelegraph Markets Pro began to define the optimistic outlook for FARM on December 25, before the recent rally.
Exclusive to Cointelegraph, VORTECS is an algorithmic comparison of historical and current market conditions based on a number of data points, including market sentiment, trading volume, recent price movements and Twitter activity.
VORTECS ™ score (in green) vs. FARM price. Source: Cointelegraph Markets Pro
As you can see from the chart above, FARM’s VORTECS ™ reading climbed into the green on December 25 and peaked at 75 around to hours before the price rose 207% over the next three days.
The increase in FARM’s price comes as the project continues to move towards complete decentralization, including the ability for community members known as “builders” to deploy new farming strategies and update user interfaces as needed.
QuickSwap adds Harmony support
QucikSwap is a decentralized exchange and automated market maker operating on the Polygon Network.
Data from Cointelegraph Markets Pro and TradingView shows after trading as low as $ 235 on December 22, the fast price jumped 143% and reached a daily high of $ 570.50 on December 28 when the 24-hour trading volume rose 1240% to 166.6 million dollars.
QUICK / USDT 4-hour chart. Source: TradingView
The rapid rise in prices followed the launches of a relay chain between Harmony Protocol (ONE) and Polygon, which has a pool of MATIC / ONE liquidity providers on QuickSwap.
Related: Ethereum whales ditch ETH when price drops below $ 4,000, data shows
Aragon focuses on digital sovereignty
Aragon is a protocol on the Ethereum network (ETH) that supports the creation of decentralized autonomous organizations (DAOs) as a way to help design governance structures that encourage community participation.
VORTECS ™ data from Cointelegraph Markets Pro began to give ANT and optimistic views on December 25, ahead of the recent rally.
VORTECS ™ result (dark gray) vs. ANT price. Source: Cointelegraph Markets Pro
As you can see from the graph above, ANT’s VORTECS begynte started rising on December 25 and reached a peak of 73 about 45 hours later, before rising 55% over the next day.
ANT’s price increase comes as the Web 3.0 concept emerges before 2022, helping the team in Aragon take big steps towards the goal of supporting “regulatory forms that promote self-sovereignty”.
The total market value of cryptocurrency is now $ 2.276 trillion, with Bitcoin dominance of 40.2%.